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Competing in Financial Markets by Philip Cooper

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CHAPTER 2

Candlestick Charts

In this chapter, we are going to discuss the types of price charts that are used by traders all over the world, both professional and retail. We shall mainly concentrate on candlestick charts as these specific charts are the most popular with traders today. By the time you have finished this chapter, you should have gained enough confidence to trade with some success on your dummy account using candlestick charts. Price chart’s technical analysis is based on the premise that the current currency price is the culmination of everything that has happened in the past, and that historical and current chart patterns assist you to make correct trading decisions. When studying a price chart, you are in effect viewing price ...

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